fungible investment & finance definition
Interchangeable.
Fungible products can be substituted for each other for shipment or storage
purposes. Options that have the same strike price and expiration date also are
fungible.
See fungible in Wall Street Words
Of or relating to assets that are identical in quality and are interchangeable. Commodities, options, and securities are fungible assets. For example, an investor's shares of Xerox left in custody at a brokerage firm are freely mixed with other customers' Xerox shares. Likewise, stock options are freely interchangeable among investors, and wheat stored in a grain elevator is not specifically identified as to its ownership.
Learn more about fungible
Related Articles
